The new tax legislation has somewhat different impacts on NQDC plans depending on whether the sponsor is a For Profit or Nonprofit organization.
The high profile lawsuit brought against Edison International by its employees over the issue of excessive fees has been dismissed, thus ending a nine-year legal battle.
Employing a Qualified Default Investment Alternative (QDIA) strategy may lead to a reduction in plan costs and to limiting the plan sponsor’s fiduciary liability.
NQDCs are exempt from most ERISA provisions and can be highly beneficial to plan sponsors and certain participants.
Lawsuits involving small 401(k) plans are being filed in increasing numbers throughout the United States.
Unless borrowing funds from your 401(k) plan is intended to address a short term situation and will be repaid quickly, consider pursuing other options.
The IRS has increased several 401(k) plan dollar limitations for the 2018 tax year. These are highlighted in blue on the accompanying listing.
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